CME Group Reports November 2007 Volume Averaged 13.0 Million Contracts per Day, Up 41 Percent, Recording 2007's Second-Highest M
December 03 2007 - 9:42AM
PR Newswire (US)
- All financial product lines grew more than 25 percent, with
equity index volume up 84 percent, interest rate volume up 35
percent and foreign exchange volume up 26 percent CHICAGO, Dec. 3
/PRNewswire-FirstCall/ -- CME Group, the world's largest and most
diverse exchange, today announced November volume averaged 13.0
million contracts per day, up 41 percent from November 2006, and
second only to August in terms of highest monthly average daily
volume during 2007. Total electronic volume averaged 10.6 million
contracts per day, up 52 percent from the prior November. Total
volume exceeded 273 million contracts for the month -- of which a
record 81 percent were traded electronically. Overall average daily
volume year to date through November increased 29 percent versus
the same period last year, and quarter-to-date average daily volume
through November increased 27 percent. CME Group E-mini equity
index product volume averaged 3.4 million contracts per day in
November, up 89 percent compared with November 2006. CME Group
interest rate product volume averaged 8.0 million contracts per day
in November, up 35 percent from November 2006. CME Group foreign
exchange product volume averaged 640,000 contracts per day in
November, up 26 percent compared with the year-ago period. CME
Group commodities and alternative investment products volume
averaged 825,000 contracts per day in November, down 4 percent
compared with the same period a year ago. NYMEX energy and metals
volume on the CME Globex platform in November averaged a record
951,000 contracts per day, up 154 percent versus the same period a
year ago. All references to volume and rate per contract
information in the text of this document exclude our
non-traditional TRAKRS products, for which CME Group receives
significantly lower clearing fees than other CME Group products,
and Swapstream products. CME GROUP MONTHLY AVERAGE DAILY VOLUME -
INTEREST RATES (In thousands) % Change vs. November 2007 November
2006 Eurodollar futures 2,562K 26% 10-year U.S. Treasury Note
futures 1,757K 30% 5-year U.S. Treasury Note futures 1,013K 59%
30-year Bond futures 531K 18% 2-year U.S. Treasury Note futures
421K 83% Eurodollar options 1,151K 40% Treasury and Bond options
441K 26% CME GROUP MONTHLY AVERAGE DAILY VOLUME (In thousands)
November 2007 November 2006 Percent Change PRODUCT LINE Interest
Rates 8,006 5,949 35% E-Minis 3,383 1,786 89% Equity Standard 162
133 21% Foreign Exchange 640 508 26% Commodities and Alt. Inv.* 825
858 -4% Total 13,016 9,235 41% VENUE Open Outcry 2,274 2,134 7% CME
Globex and e-CBOT 10,555 6,960 52% Privately Negotiated 187 141 33%
* CME Group Commodities and Alternative Investments product line
includes the legacy CME Commodities and Alternative Investments
product line and the legacy CBOT Agricultural product line and
Metals, Energy and Other product line. CME GROUP ROLLING
THREE-MONTH AVERAGES Average Rate Per Contract (In dollars, and
calculated from combined average daily volumes for entire period)
By Product Line By Venue Commod- 3-Month Inte- ities Priv- Period
rest Equity Foreign and Alt Open Elect- ately Ending Rates E-Minis
Standard Exchange Inv. Total Outcry ronic Negotiated Oct-07 0.520
0.663 1.454 0.956 1.056 0.623 0.474 0.618 2.906 Sep-07 0.519 0.673
1.451 0.951 1.032 0.622 0.473 0.613 2.878 Aug-07 0.517 0.677 1.397
0.981 1.040 0.624 0.474 0.612 2.876 Jul-07 0.514 0.686 1.357 1.036
1.021 0.627 0.487 0.611 2.914 Average Daily Volume (In thousands,
average daily volumes combined for entire period) By Product Line
By Venue Commod- 3-Month Inte- ities Priv- Period rest Equity
Foreign and Alt Open Elect- ately Ending Rates E-Minis Standard
Exchange Inv. Total Outcry ronic Negotiated Nov-07 6,847 2,395 173
599 744 11,298 2,149 8,979 169 Oct-07 7,500 3,019 190 601 694
12,004 2,488 9,330 186 Sep-07 8,060 3,057 202 635 716 12,670 2,652
9,806 212 Aug-07 8,345 3,051 206 645 794 13,041 2,705 10,104 232
CME Group (http://www.cmegroup.com/) is the world's largest and
most diverse exchange. Formed by the 2007 merger of the Chicago
Mercantile Exchange Holdings and CBOT Holdings, CME Group serves
the risk management needs of customers around the globe. As an
international marketplace, CME Group brings buyers and sellers
together on the CME Globex electronic trading platform and on its
trading floors. CME Group offers the widest range of benchmark
products available across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, agricultural commodities and alternative
investment products such as weather and real estate. CME Group's
Class A common stock is traded on the New York Stock Exchange and
the Nasdaq Global Select Market under the symbol "CME." The Globe
logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-
mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and
Chicago Board of Trade are trademarks of the Board of Trade of the
City of Chicago. All other trademarks are the property of their
respective owners. Further information about CME Group and its
products can be found at http://www.cmegroup.com/. Statements in
this news release that are not historical facts are forward-
looking statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or implied in any
forward-looking statements. Among the factors that might affect our
performance are: our ability to successfully integrate the
businesses of CME Holdings and CBOT Holdings, including the fact
that such integration may be more difficult, time consuming or
costly than expected and revenues following the merger may be lower
than expected; increasing competition by foreign and domestic
entities, including increased competition from new entrants into
our markets and consolidation of existing entities; our ability to
keep pace with rapid technological developments, including our
ability to complete the development and implementation of the
enhanced functionality required by our customers; our ability to
continue introducing competitive new products and services on a
timely, cost-effective basis, including through our electronic
trading capabilities, and our ability to maintain the
competitiveness of our existing products and services; our ability
to adjust our fixed costs and expenses if our revenues decline; our
ability to continue to generate revenues from our processing
services provided to third parties; our ability to maintain
existing customers and attract new ones; our ability to expand and
offer our products in foreign jurisdictions; changes in domestic
and foreign regulations; changes in government policy, including
policies relating to common or directed clearing; the costs
associated with protecting our intellectual property rights and our
ability to operate our business without violating the intellectual
property rights of others; our ability to generate revenue from our
market data that may be reduced or eliminated by the growth of
electronic trading; changes in our rate per contract due to shifts
in the mix of the products traded, the trading venue and the mix of
customers (whether the customer receives member or non- member fees
or participates in one of our various incentive programs) and the
impact of our tiered pricing structure; the ability of our
financial safeguards package to adequately protect us from the
credit risks of clearing members; changes in price levels and
volatility in the derivatives markets and in underlying fixed
income, equity, foreign exchange and commodities markets; economic,
political and market conditions; our ability to accommodate
increases in trading volume and order transaction traffic without
failure or degradation of performance of our systems; our ability
to execute our growth strategy and maintain our growth effectively;
our ability to manage the risks and control the costs associated
with our acquisition, investment and alliance strategy; our ability
to continue to generate funds and/or manage our indebtedness to
allow us to continue to invest in our business; industry and
customer consolidation; decreases in trading and clearing activity;
the imposition of a transaction tax on futures and options on
futures transactions; and the seasonality of the futures business.
More detailed information about factors that may affect our
performance may be found in our filings with the Securities and
Exchange Commission, including our most recent Quarterly Report on
Form 10-Q, which is available in the Investor Relations section of
the CME Group Web site. We undertake no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise. CME-G DATASOURCE: CME
Group CONTACT: Media, Anita Liskey, +1-312-466-4613, or William
Parke, +1-312-930-3467, both at , or Investors, John Peschier,
+1-312-930-8491, all of CME Group Web site: http://www.cme.com/
http://cmegroup.mediaroom.com/
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